Shenzhen Ldrobot (1236) investor relations material

Executive summary

• Revenue for H1 2026 reached RMB522.5 million, up 35.2% year-over-year, driven by strong overseas sales and growth in robot lawn mowers.

• Gross profit increased 53.2% to RMB150.6 million, with gross margin rising to 28.8% due to product mix optimization.

• Adjusted net loss was RMB15.5 million, reflecting higher R&D and marketing investments.

• H shares were listed on the Hong Kong Stock Exchange in May 2026, raising HK$806.8 million.

Financial highlights

• Revenue: RMB522.5 million (+35.2% YoY); gross profit: RMB150.6 million (+53.2% YoY); gross margin: 28.8% (+3.4pp YoY).

• Loss attributable to owners: RMB42.1 million (vs. RMB13.8 million loss in H1 2025).

• Adjusted net loss: RMB15.5 million (vs. RMB2.2 million adjusted profit in H1 2025).

• Cash and cash equivalents: RMB720.8 million (up from RMB119.4 million at end-2025), boosted by IPO proceeds.

• No interim dividend declared.

Outlook and guidance

• Plans to evolve into a spatial intelligence platform company, focusing on multi-modal perception and AI integration.

• Continued investment in R&D, production capacity, and overseas expansion, especially in Europe and North America.

• Strategic investments and M&A to accelerate commercialization and market share growth.

• Emphasis on talent development and organizational strengthening.